Chevron Nigeria Limited (CNL) issued a statement denying recent media reports that the company plans to exit Nigeria.

The statement, signed by General Manager for Politics, Government and Public Affairs, Esimaje Brikinn, emphasized that CNL remains committed to maintaining its long-term relationship with Nigeria.

According to Brikinn, CNL’s significant economic and social investments in the country over the past six decades have generated tangible benefits for Nigerian communities.

He also emphasized that CNL will continue to work with other industry and government players to ensure the competitiveness and sustainability of the oil industry in Nigeria.

Brikinn went on to say that the misleading media report does not reflect Chevron’s position in Nigeria and that the company remains committed to its operations in the country.

Chevron is one of Nigeria’s largest oil producers and one of its main investors.

In Nigeria, it operates under a joint venture agreement with the Nigerian National Petroleum Corporation (NNPC) for onshore and offshore assets in the Niger Delta region.

Chevron also has extensive interests in multi-partner deepwater operations. The company operates the Agbami field, one of Nigeria’s largest deepwater discoveries. We also have a non-operating interest in Usan Field.

Through Chevron’s principal subsidiary in Nigeria, Chevron Nigeria Limited (CNL), the company operates and holds a 40 percent interest in eight concessions in the onshore and near-coastal regions of the Niger Delta under an agreement joint venture with NNPC. Chevron also does business through other subsidiaries in Nigeria.

Chevron has interests, ranging from 20 to 100 percent, in three operated and six non-operated deepwater blocks in Nigeria.

Chevron operates the Agbami field, which is located 70 miles (113 km) off the coast of the central Niger Delta region and spans 45,000 acres (182 km2). Discovered in 1998, the Agbami field lies at a water depth of approximately 4,800 feet (1,463 m). Chevron has a 67.3 percent interest in the field.

Agbami is a subsea development with wells linked to a floating production, storage and offloading (FPSO) vessel. Agbami’s original development scope (Agbami 1, 2 and 3) is complete. To offset the decline in the field, infill drilling continued in 2019.

Chevron has a 30 percent non-operating working interest in the Usan field, in 2,461 feet (750 m) of water, 62 miles (100 km) offshore in the eastern Niger Delta region.

The Aparo field and the Bonga SW field, owned by third parties, share a common geological structure and are planned to be jointly developed. The structure lies in 4,300 feet (1,311 m) of water, 70 miles (113 km) offshore in the western Niger Delta region. The proposed development plan involves subsea wells tied to an FPSO vessel. Work continues towards a final investment decision.

Chevron operates and has a 55 percent interest in Oil Mining Lease (OML) 140. The block is in approximately 8,000 feet (2,438 m) of water, 90 miles (145 km) offshore in the western delta region of the Niger, and includes the discoveries of Nsiko. Chevron’s 30 percent non-operated working interest in OML 138 includes the Usan field and several satellite discoveries and a 27 percent working interest in the adjacent OML 139 and OML 154 licenses. We are working with the operator to evaluate options for development for the multiple discoveries in the Usan area. including Owowo Field which straddles OML 139 and OML 154.

Chevron is involved in natural gas projects in the western Niger Delta and Escravos areas, including the Escravos Gas Plant (EGP), the Escravos Gas-to-Liquid (EGTL) Facility, and the Sonam Field Development Project.

CNL operates the EGP, which has a total capacity of 680 million cubic feet per day of natural gas and LPG and a condensate export capacity of 58,000 barrels per day. Chevron and NNPC operate the EGTL facility, a 33,000 barrel per day gas-to-liquids plant.

The Sonam Field Development Project is designed to process natural gas through the EGP and deliver it to the domestic gas market. Net production at the 40 percent owned and operated project averaged 11,000 barrels of liquids and 89 million cubic feet of natural gas per day in 2019.

With a 36.7 percent stake, Chevron is the largest shareholder in the West African Gas Pipeline Company Limited, which owns and operates the 421-mile (678 km) West African gas pipeline. The pipeline supplies customers in Benin, Ghana and Togo with Nigerian natural gas for power generation and industrial applications. It has the capacity to transport approximately 170 million cubic feet of natural gas per day.